A study on Perception of Employee’s family on mental health and financial security during covid-19

INTRODUCTION

Coronavirus pandemic rapidly sweeps across the world; it is inducing a considerable degree of fear, worry and concern in the employees. In public mental health terms, the main psychological impact to date is elevated rates of stress or anxiety.

Mental health problems and financial difficulties can create a spiraling vicious circle where one compounds the other. Within the vicious cycle of financial problems and mental health effects are the nature of the financial problems themselves. If you are unable to work for any period of time, and don’t have income protection in place, then times can become mentally difficult. Hence to understand  Perception of Employee’s family on mental health and financial security during covid-19 this study will establish the facts and data for the same.

Mental health includes our emotional, psychological, and social well-being. It affects how we think, feel, and act. It also helps determine how we handle stress, relate to others, and make choices. This research will help to study the impact of lockdown on employee’s family’s mental health.  Financial wellbeing can affect physical, mental and social health which can result in poorer job performance, reduced ability to concentrate, lower productivity and absenteeism. The research will help to study the impact of Covid-19 on employee’s family’s financial well-being. The strains of having financial problems can really affect mental health. It can influence our stress levels, our ability to make decisions and how we focus on tasks. Debt can also be a factor that triggers more serious mental health conditions such as anxiety and depression. The research will also help to study relationship between mental health and financial well-being. Lockdown can cause range of psychological conditions, from post-traumatic stress symptoms to confusion, anger, depression, stress, insomnia and emotional exhaustion.

ABSTRACT

As the coronavirus pandemic rapidly sweeps across the world, it is inducing a considerable degree of fear, worry and concern in the employees. In public mental health terms, the main psychological impact to date is elevated rates of stress or anxiety. But as new measures and impacts are introduced – especially quarantine and its effects on many people’s usual activities, routines.Within the vicious cycle of financial problems and mental health effects are the nature of the financial problems themselves. If you are unable to work for any period of time, and don’t have income protection in place, then times can become mentally difficult. Hence to understand Perception of Employee’s family on mental health and financial security during covid-19 this study will establish the facts and data for the same.

Review Of Literature:

COVID-19, the workplace and employees’ mental health We examine in this paper two mental health outcomes: psychological distress and major depression that can result from a pandemic or an epidemic outbreak. TheThe COVID-19 pandemic can be related to many stressors that may drain employees’ mental health, during and after this pandemic. In this section, we have made the distinction between the stressors during the coronavirus pandemic and those that can evolve after this pandemic. Therefore, it is important to understand the problem in order to be able to identify solutions which will help employees and organizations to reduce the risk of mental health issues. This is the main objective of this study.

During the coronavirus pandemic:

The main stressors during a pandemic are the 1) perception of safety, threat and risk of contagion 2) Infobesity and the Unknown  3) quarantaine and confinement 4) stigma and social exclusion and 5) financial loss and job insecurity.

Perception of safety, threat and risk of contagion :

During pandemic, fear and panic set in. In fact, individuals’ anxiety may increase following the first death and an increased media reporting related to the number of new cases (Rubin & Wessely, 2020). In this case, individuals are afraid about their own health and the health of the members of their family

Infobesity versus the unknown :

During pandemic outbreak, individuals face an infobesity or an information overload. They become overwhelmed by the known lethality of the infection as well as the intensity of media coverage of this pandemic outbreak, which exacerbates their perception of danger (Baiet al., 2004; Garfin et al., 2020; Shigemura et al., 2020), increases their anxiety (Shigemura et al., 2020) and undermines their mental health. In this case, misinformation spreads faster than COVID-19.

Quarantine and confinement:

Quarantine refers to separating individuals (or communities) who have potentially been exposed to an infectious disease from the rest of the community (Hawryluck et al., 2004; Parmet & Sinha, 2020). It also refers to the reduction of movement of individuals who have potentially been exposed to an infectious disease (Brooks et al., 2020).

Stigma and social exclusion:

Being afraid of the risk of a potentially lethal contagious disease,people develop a form of stereotyping toward individuals associated with the epicentre of the disease, by avoiding them, blaming new disease outbreaks on them. (Desclaux et al., 2017; Kinsman, 2012; Koh, 2020; McCauley et al., 2013; Shigemuraet al., 2020; Shultz et al., 2015; Xiang et al., 2020) and spreading misleading rumours about them on social media (Depoux et al., 2020).

Financial loss and job insecurity:

The impact of the pandemic outbreak on businesses would significantly increase an individual’s feeling of job insecurity, which can have a negative impact on the mental health of employees who are affected by the organizational reforms of closure and reduction of working hours during COVID-19. The negative effect of job insecurity has been widely documented in literature on mental health in the workplace (Strazdins et al., 2004; Virtanen et al., 2002).

RESEARCH METHODOLOGY

Title:

A study on Perception of Employee’s family on mental health and financial security during covid-19.

Objectives:

  1. To study the impact of lockdown on employee’s family’s mental health.
  2. To study the impact of Covid-19 on employee’s family’s financial well-being.
  3. To study relationship between mental health and financial well-being of an employee’s family.
  4. To identify ways to manage mental well-being during Covid-19.

Significance of the Research:

Mental health includes our emotional, psychological, and social well-being. It affects how we think, feel, and act. It also helps determine how we handle stress, relate to others, and make choices. This research will help to study the impact of lockdown on employee’s family’s mental health.  Financial wellbeing can affect physical, mental and social health which can result in poorer job performance, reduced ability to concentrate, lower productivity and absenteeism. The research will help to study the impact of Covid-19 on employee’s family’s financial well-being.

Design of the Research: The research design followed is of descriptive type.

Sample and Sampling Techniques: The sample size covered 115 respondents, which are employees among the industries in Vadodara city. The sampling method adopted for the research is Non-Probability sampling i.e. Convenience Sampling.

Universe: The Universe of the Research includes all the employees who are working in industry.

Methods and Tools for Data collection: The data will be collected through online survey of the respondents with the help of questionnaire prepared for respondents.

Limitations of Study:

  • The study will undergo as per the availability of the respondents or clients.
  • Active participation of the respondent or client affect received data.
  • Individual’s intellectual capability to understand question can affect received data.
  • Resistance created due to age difference between researcher and respondents, which limits responses from respondents in certain cases.

MENTAL HEALTH:

FEELING OF HELPLESSNESS:

Table number 4.11- Feeling of helplessness

SR No.DataFrequencyPercentage
1Yes4640%
2No5346.1%
3May be1613.9%

The above figure represents the data of respondents sharing their views on the feeling of helplessness. This fear of helplessness will help the researcher to understand the mental dilemma of the selected respondents, which is very important and necessary for this study. On the basis of the collected data, approximately 46.1% (53 respondents) responded that they don’t feel any situation where they feel themselves as helpless. While, 46 respondents (approximately 40%) showed their positive views on the feeling of helplessness. And the rest 16 respondents (13.9%) were still confused and not able to give their sure response on the given question of this study. 

HAVE YOU EVER EXPERIENCED ATTACK OF FEAR, ANXIETY OR PANIC?

Table number 4.15- attack of fear, anxiety or panic

SR No.DataFrequencyPercentage
1Yes1210.4%
2No7968.7%
3Sometimes2420.9%

As per the collected data, approximately 68.7% (79 respondents) never felt and experienced the attack of fear, anxiety or panic during the lock down period. Whereas, approximately 20.9% (24 respondents) were sometimes experienced and felt by the attack of fear, anxiety or panic. While the other 10.4% (12 respondents) felt and experienced the attack of fear, anxiety or panic during the lock down period.

DO YOU FEEL THAT THE ORGANIZATION IN WHICH YOU’RE EMPLOYEE WORKS, IS CONCERNED ABOUT THEIR HEALTH AND WELL BEING?

Table number 4.21- organization concerned about health and well being

SR No.DataFrequencyPercentage
1Yes7565.2%
2No1412.2%
3May be2622.6%

The above pie-chart shows the data collected by the selective respondents stating their views about the organization in which their employee works are concerned about their health and well-being or not? As per the collected data, approximately 65.2% (75 respondents) feels positive that the employee’s organization is concerned about the employee’s health and well-being. While 12.2% (14 respondents) considers that employee’s organization is not concerned about the employee’s health and well-being. And the rest 22.6% (26 respondents) are not sure about their views on employee’s organization.

FINANCIAL SITUATION:

ARE YOU STRESSED ABOUT YOUR FINANCIAL SITUATION?

Table number 4.30- stress about financial situation

SR No.DataFrequencyPercentage
1Yes5951.3%
2No2622.6%
3Sometimes3026.1%

The above pie-chart represents the data of the respondents stressed about their financial situation. Due to lock down, the high number of unemployment is occurring throughout the nation causes the stress to every individual in terms of their financial stability. As per the collected data from the respondents, approximately 51.3% (59 respondents) were stressed because of their financial instability. While approximately 22.6% (26 respondents) were not stressed about their financial situation. Whereas, the remaining 26.1% (30 respondents) were partially stressed because of their financial instability.

DO YOU HAVE THE FEAR THAT THE EMPLOYEE IS AT THE RISK OF LOSING HIS / HER JOB AFTER THE LOCK DOWN PERIOD?

Table number 4.31- risk of losing job after lock down

SR No.DataFrequencyPercentage
1Yes5547.8%
2No4135.7%
3Never thought of this1916.5%

The above pie-chart shows the data of respondent’s fear about the employee’s risk of losing job after the lock down period.  As per the collected data, approximately 47.8% (55 respondents) were worried about losing their employee’s job after the lock down period. While approximately 35.7% (41 respondents) were not worried about losing their employee’s job because of being at high post or may be with any other reason. Whereas, the remaining 16.5% (19 respondents) were never had any idea of lay-off or recession period after the end of the lock down. 

DO YOU WORRIED ABOUT YOUR FINANCIAL STABILITY OF YOUR FAMILY AFTER THE LOCK DOWN PERIOD?

Table number 4.33- worry about financial stability after lock down

SR No.DataFrequencyPercentage
1Yes6354.8%
2No3127%
3Sometimes2118.2%

The above pie-chart represents respondent’s insecurity about the financial stability of their family after the lock down period. As per the collected data, approximately 54.8% (63 respondents) were feeling the insecurity about the financial stability of their family after lock down. While approximately 27% (31 respondents) were not worried about their financial stability of their family after the lock down. Whereas, the remaining 18.2% (21 respondents) were partially confused and insecure about their financial stability of their family after the lock down period.

DOES YOUR EMPLOYER HAVE GIVEN ANY INFORMATION REGARDING PAY-CUT?

Table number 4.35- any information regarding pay-cut

SR No.DataFrequencyPercentage
1Yes3026.1%
2No4942.6%
3I have no idea3631.3%

The above pie-chart shows the data of respondents showing their views of any information given by their employee’s organization regarding pay-cut. As per the collected data, approximately 26.1% (30 respondents) were aware and have information about the employee’s pay-cut. While approximately 42.6% (49 respondents) were not aware and have no information about the employee’s pay-cut. Whereas, the remaining 31.3% (36 respondents) have no idea about any pay-cut during the lock down period.  

FINDINGS

  1. As per the collected data, approximately 34.9% respondents show that the employee is suffering from stress due to covid-19.
  2. The data represents approximately 31.3% (36 respondents) of respondents states that employee feels the interpersonal conflicts and change in their behavior during the lock down period.
  3. As per the collected data, approximately 62.6% (72 respondents) are in fear about their future planning and sustaining their livelihood.
  4. As per data 46 respondents (approximately 40%) showed their positive views on the feeling of helplessness.
  5. As per the collected data, approximately 40% (46 respondents) sometimes felt loneliness in their last 30 days.
  6. The collected data of respondents approximately 30.9% (36 respondents) were sometimes experienced and felt by the attack of fear, anxiety or panic during the lock down period.
  7. As per the collected data, approximately 73.9% (85 respondents) shows their positive views about the change in their sleeping time.
  8. Based on the collected data, the researcher concluded that respondent spent their 84.3% (97 respondents) time in internet and social media, 51.3% (59 respondents) time in TV serials and web series, 54.8% (63 respondents) time in news, 73.9% (85 respondents) time on family, 43.5% (50 respondents) time in books, 38.3% (44 respondents) time in cooking.
  9. As per the collected data, approximately 65.2% (75 respondents) feels positive that the employee’s organization is concerned about the employee’s health and well-being.
  10. As per the collected data, approximately 49.6% (57 respondents) engage themselves in watching Indian Vedic serials on the regular basis. That has shown positive impact on their mental well-being.
  11. As per the collected data, approximately 43.5% (50 respondents) feels laziness during the lock down period.
  12. As per the collected data, approximately 61.7% (71 respondents) were found worrying about their savings during the lock down period.
  13. As per the collected data from the respondents, approximately 51.3% (59 respondents) were stressed because of their financial instability.
  14. As per the collected data, approximately 47.8% (55 respondents) were worried about losing their employee’s job after the lock down period.
  15. As per the collected data, approximately 54.8% (63 respondents) were feeling the insecurity about the financial stability of their family after lock down.
  16. As per the collected data, approximately 87% (100 respondents) were responded to satisfy their basic needs during the lock down. Whereas, 9.6% (11 respondents) were responded to satisfy their physiological needs.

SUGGESTIONS

Suggestions for the working organization of the employee:

The main cause of stress of financial situation in employee’s family is uncertainty of job and stable earning. So I suggest organizations should effectively communicate about their future planning, layoff or retrenchment and pay cut.

Organization should also show concern about employee and his/her family’s health and well-being.

Organization should try to retain the employ in their organization instead of laying-off the employee without any financial assistance.

Suggestions for every individual of our country:

To improve mental health, people should engage them in activities like book reading, cooking, exercising, other hobbies or productive activities.

Individual’s also has their responsibility to maintain the cleanliness and hygiene around them. Proper precaution and treatment should be taken in case of any symptoms of corona virus.

Peoples who had anxiety attack should consult psychologist or other respective medical practitioner through telephone or other online medium.

Every individual should follow the official government guidelines and should always try to follow their law and orders.

Conclusion

The novelty of COVID-19 and its possible negative impact on the mental health of employees urges such a review.  The main goal of this study is to provide the necessary information to prevent or minimize the negative effects of COVID-19 on the mental health of employees.  We believe that the quality of data or information in this study helps to achieve this goal.  However, the study’s contribution should be considered in light of some limitations.  First, the ability to select articles to be subjective.  However, the databases used (Google Forms, Google Scholar, Shodhganga) provide the most cited articles.  Furthermore, the informative character of this study and its main purpose of providing useful information for employees and organizations does not require a systematic review of the literature.  Therefore, this study is contributing to a well-condensed and a well-structured study based on information obtained from a large data or literature review of the effect of COVID-19 or other epidemics on the mental health of employees.  This study may be useful for the development of a conceptual model that is empirically tested in future research to determine the association between stressors and employee’s mental health identified during or after the outbreak of COVID-19.  Can.  Second, studies related to COVID-19 were performed while the epidemic is still underway, which does not help in identifying the actual stresses after COVID-19 and confirming the presence of a causal relationship.

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